plcsf debt holder is basically getting renal guard for free and the money that was lended paid for renal guard fda trial's and to pay plc board members up there salary's and other cost………………….like to know if any of plc board members knew the lean holder of plc debt………………..i hope the security exchange commission check this all out and to see what they think
We are sure that PLCSF management screwed us.
However, why are you so pessimistic about the future of Viveve? Maybe they can turn into a growth company with their product. It is a legitimate product for a lot of women.
I have investigated the company, and they have a sound business model. I am considering buying more shares before the merger is completed and the price goes up.
Please give me some intelligent feedback about this merger. I think there is a future for success.
Its the utter contempt for the shareholders that really stands out in the board's actions and guidence, only matched by the greed of the syndicate: why "settle" for 90% of RenalGuard when we can concoct this shell game, take everything, then wrap them up in fake woman's genitals before dumping them out on skid row...
in that sec filing,plc board members unanimously agree that plc share holders to vote yes to everything but also said the board members may have a conflict of interest with shareholders which may not be in the best interest of current plc shareholder's.imo. and i think once plc changes it's name shareholders can no longer sue a company that does not exist especially if i voted yes to everything plc imo. would just say i agree w/the name change and voted yes to everything,i am holding out for a possible class action suit or a turn around that plc abandoned this proxy vote and the lien holders of plc debt decide to lend plc more money…………..imo. plc should have not reassume fda trial's until they found a company to be partner of plc fda renal guard trials and pay for the fda trial and become 50% owner of plc or put plc up for sale or find a lender w/better term's imo. plc did not try very hard for any of these things instead did what was in the best interest of the board member's and plc lein holder and imo. plc board members are incompetent to be board member's at best,this is what i allege……………..viveve has had general clearance from the fda for there product for several years now so it can't be generating anything great in term's of rev's or profits imo.
You have to wonder what the next chapter will be in this unfolding saga of PLC. Not an impressive cast of characters but maybe Tauscher, et al, have somewhat of a sense of the comedic. Who else would jump from RenalGuard to an enterprise centered on vaginal tightening? No doubt there's a demand and a need for this product, but how do you suppose it caught the eye of a group of financially desperate businessmen? I'm still trying to figure out the etymology of the name Viveve.
Has been retracing since public release of Form D this afternoon disclosing the new offering of $6M contingent on closing of the Viveve merger.
Have to assume that recent volume and ascent is almost 100% "smart money," associated with big firm, company, or position players; otherwise, if this were the result of online newsletters, chatter, hyping, etc., we would have seen the usual invasion of puffing posters and viral bashers. Hence, have to think that this action represents major group associated with the "merger" parties who assess value of the VIVere deal to be closer to .02 than the .006 of two days ago. Will see tomorrow or so if they see value to be closer to .03 than .02, etc.
The officers of the syndicate, complicit PLC board members and officers CAN be sued regardless. The hard part would be convincing compentent law firms that there is enough in recoverables to make 40% of it worth their effort. Anybody got friends in the NY AG's office?
Also, these vultures got pretty slick about covering their steps... wrapping us in vag tightner then tossing us into the Yukon... in the end I bet they get 9 figures for RG.
Interesting speculation! You may be correct here as well. Rest assured, they will get the best deal for themselves.
Doc--that's my read of it as well. RG is no longer in play for PLCSF shareholders. Shareholders are left holding only the bag. Tauscher, et al, will undoubtedly make out just fine financially, assuming a class action lawsuit doesn't nail this gang, which is highly unlikely.
In fact, the latest $250k is probably just a carrot to the complicit bums to keep the lights on while the syndicate is negotiating the sale of RG to another company for a lot more than their $6M.
I did not see anywhere that we'd own any RG assets. Pretty sure the syndicate is gonna run off with all that, lock stock barrel... and patents. They already owned 90% of it, and at under a penny our 30m 'pre-strangle" shares are not even worth the $250k that the GCP syndicate just ponied up to keep plucky floating long enough to dismember.
"The Company’s obligations under the Debenture and the Purchase Agreement are secured by all of the assets of the Company and its subsidiaries".
Pretty sure that 'all' means ALL.
I do admire your optimism, but it seems that you think you're wearing rose colored glasses when it really your blood.
Doc., yes, that's basically true-- I wasn't praising this deal compared to where PLC COULD have been had they not embarked on FDA trials without the money to do so, had they not entered into the hyper- dilutive financing ( inadequate financing) deals that they did; rather i was commenting on the present " deal," taking PLC where we find them now- --not the could have beens; and where we find them now-- or where we found them in April--is/was No Cash, Negligible Income, No Source of income, No avoiding of bankruptcy. Except that they found a way to avoid bankruptcy. So, that is the context of my assessment.
I know, contrary to your post, I think I do know what happened; but my post was about GIVEN that they had nothing left but assets overwhelmed by debt and dilution, now we will own 40% of RG assets plus whatever the hell VIvere might amount to, instead of 100% of a company that owes more than it is worth that has not the income to pay its debt, that would be worth a definite zero by June 1 if the last deal wasn't consummated.
Doc, please set me straight if I have got this pathetic situation wrong.